HighPoint Advisor Group LLC Cuts Stock Position in NRG Energy, Inc. (NYSE:NRG)

HighPoint Advisor Group LLC lessened its holdings in NRG Energy, Inc. (NYSE:NRG) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,320 shares of the utilities provider’s stock after selling 1,173 shares during the period. HighPoint Advisor Group LLC’s holdings in NRG Energy were worth $3,457,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Everence Capital Management Inc. purchased a new stake in shares of NRG Energy during the 4th quarter valued at about $549,000. Meyer Handelman Co. raised its position in NRG Energy by 43.8% during the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock valued at $7,126,000 after purchasing an additional 24,062 shares during the period. Luxor Capital Group LP lifted its stake in shares of NRG Energy by 47.8% in the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock valued at $47,426,000 after purchasing an additional 168,267 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of NRG Energy by 25.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after purchasing an additional 10,031 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in shares of NRG Energy during the 4th quarter valued at approximately $1,340,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Performance

Shares of NYSE:NRG opened at $95.05 on Monday. The firm’s 50 day simple moving average is $101.75 and its 200-day simple moving average is $95.80. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $117.26. The firm has a market cap of $19.36 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.44 per share. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 1.85%. The ex-dividend date was Monday, February 3rd. NRG Energy’s dividend payout ratio (DPR) is presently 35.92%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NRG shares. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Morgan Stanley lifted their price target on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. BMO Capital Markets upped their price target on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Guggenheim raised their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.29.

Insider Buying and Selling at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the sale, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the transaction, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.